SAN ANTONIO-The San Antonio suburb of Schertz lures an investment group to buy two acres and a 15,000-sf retail building in a high-growth corridor. The buy is located in a block with office buildings and retailers, but no shopping centers.
AUSTIN-US OnLine doubles its presence in the Pacific Northwest, taking over the cable TV assets from defunct Dallas-based Global Interactive Communications. The all-cash buy is considered an "extraordinary value.
AUSTIN-The Austin Area Teachers Federal Credit Union is making plans for a construction start on a 5,700-sf branch at the junction of William Cannon and Escarpment boulevards. The seventh location will open by September.
AUSTIN-So far, South by Southwest, the city's biggest convention, is on track to match and maybe slightly surpass last year's trade. It's the first real test of how much the city's travel industry has bounced back in the past year.
SAN ANTONIO-First-time Fannie Mae borrowers refinance a New Braunfels complex for nearly $2.7 million and buy a San Antonio multifamily property with the balance of the $6.4 million loan. Arbors puts up about $3.7 million for the package.
AUSTIN-Metromedia Network Services' need to reduce space is a boon for Interstate Connect as it preps to move into an office triple the size of its current location. A relocation from from the suburb of Pflugerville to One Tech Plaza is in the works.
AUSTIN-Tenants seize the opportunity to live in newer complexes as rents drop to fill properties. Overall, rents dipped 4.7% last year in a market that delivered 9,438 units and now has another 10,700 under construction.
AUSTIN-Catellus Development and the Mueller Redevelopment Team have proposals in for the 709-acre Robert Mueller Airport redevelopment. A city recommendation could come before council in the spring for the estimated $98-million undertaking
AUSTIN-Tenants seize the opportunity to live in newer complexes as rents drop to fill properties. Overall, rents dipped 4.7% last year in a market that delivered 9,438 units and now has another 10,700 under construction.
AUSTIN-The Austin Revitalization Authority's plan to buy land for a 57,000-sf office building and lease space to the city hits a roadblock. The 10-year, $8-million lease is just out of line, concur several council members.